📉 #AAVE #KERNEL TVL Aave has decreased to $17.947 billion, down $8.45 billion in the past 2 days. The total TVL of all DeFi protocols across all blockchains has also decreased from $99.497 billion to $86.286 billion, a decline of $13.21 billion.

🔍 A major OTC kit, previously bought 163,405 ETH ($440 million) and 4,000 #cbBTC ($296 million), withdrew 98,032 #cbBTC ($272 million) and 3,000 #wstETH ($221.6 million) from Aave. It still has 10,000 ETH ($22.8 million) in Aave.

🤔 OneKey founder on KelpDAO hack: the best option is to negotiate with the hacker, offer a reward of 10–15%, recover most of the money, and everyone will be satisfied. If negotiations fail, the majority of the expenses should be covered by the LayerZero ecosystem fund — it has the largest financial capacity and the greatest long-term interest; the payout will still preserve the OFT ecosystem.
Aave Umbrella and stkAAVE are the last line of defense, but depositors must not accept losing funds under any circumstances, or else Morpho, Spark, Fluid, and Euler will be overvalued as a result of the crisis, the entire LRT line will be blacklisted, and the entire DeFi industry will regress three years. I believe Aave can survive this.